Author: Danku Tamás, TEP

Minimum wage and guaranteed minimum wage from 2023

The mandatory minimum amount of basic pay (minimum wage) changes in an unusual way during the year – from  December 1st, 2023. The minimum wage from the December 1st of 2023 HUF 266 800 for monthly wages Guaranteed minimum wage for an employee in a job requiring at least secondary education or training HUF 326 […]

Learn more

How to Keep the Shares of a Family and its Business Together

Internal feuding can make the operation of a family business impossible. If the owners and managers of the company cannot work together, the firm will soon suffer. Problems between the stakeholders of family companies are often even more challenging to solve due to emotional relationships. Business owners must look at a company’s operations from a […]

Learn more

Minimum wage and guaranteed minimum wage from 2023

The mandatory minimum wage for full-time employees from January 1st of 2023. The minimum wage from the January 1st of 2023 HUF 232 000 for monthly wages Guaranteed minimum wage for an employee in a job requiring at least secondary education or training HUF 296 400 for monthly wages Beginning from January 1st of 2023. […]

Learn more

Hungarian Trust as an alternative of holding company

The holding companies are widely used for a lot of different business purpose such as asset protection for families or direct investments of private equity funds, etc. Since the Hungarian Trust is subject to corporate income tax it also benefit the same CIT benefits but has extra features. What makes them usage attractive.  In Hungary […]

Learn more

Certificate of Good Standing of Hungarian companies

The business registry of company – where you can apply for Certificate of Good Standing of Hungarian companies – is available for the public for free. But the free database usually is not up to date, you can apply for certificate of good standing issued by the Registrar. The up to date business registry database […]

Learn more

Family office solutions in Hungary

Hungary is currently not on the shortlist of wealthy families and private clients when they choose the best location for their family office/private office structure. The reason is that the flexible and efficient Hungarian wealth management and estate planning soltutions are not widely known among the wealth management service providers. Private holdings – the simpliest […]

Learn more

Effective structures for real estate investments in Hungary

Eventhough the increasing Hungarian property prices more and more private foreign investor buy luxury and commericial real estates in Hungary. Becuase of the relatively good ROI and devaluated Hungarian Forint. Find more information about the most efficient trust and corporate structures for real estate investment in Hungary. The private investors have to pay 15% personal […]

Learn more

Real estate investments of UK Trust in Hungary after Brexit

Legal aspects of the transfer of managed assets between the UK and Hungary : is the acquisition of real estate in Hungary by any UK resident (legal or natural) subject to authorisation? Own the property through SPV or directly by the trustee? After the end of the Brexit transition period (31.12.2020), UK natural and legal […]

Learn more

HUNGARY | Holding Company Regime

Hungary is relatively new entrant to the tax planning market thereafter the tax advantages for non-resident companies ended in y2005. The holding company regime is not the most flexible. The company management is not the cheapest and not the less bureaucratic in Europe. But with proper plannig and advice the HU Holding Company can function […]

Learn more